Wednesday, June 1, 2011

SNP Mid Day Update 7:00AM 6/1

(Chart 1 - Snp Daily Chart Zoomed)
(Chart 2 - Snp Daily Chart)

1310-1346 is the trading range.
The light blue up channel was the dominant S/R.
Now that we are out of it, we are back against the bottom of it, as well as the top of the trading range.

If we can close inside the blue channel, I am a buyer.
If we reject it and close inside of 1346, I am a seller.

Are the winds of change blowing? Or will it be more 2PM 10 point melt-ups?

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